$ETH Ethereum: Retail sentiment plummets, is a price increase on the horizon?

Recently, Ethereum (ETH) has experienced a significant decline in value, partly due to large sell-offs by institutional investors and the U.S. government. Specifically, the U.S. government sold 884.33 ETH, equivalent to approximately 1.77 million USD, contributing to downward pressure on the market. 

At the same time, interest from retail investors in ETH has also sharply decreased, as evidenced by Google search levels hitting their lowest in the past year. This indicates that market sentiment is in a negative state, with many investors choosing to sell to cut losses. 

However, in the past, ETH has recovered after similar sell-offs. If ETH can maintain the important support level at 1,754 USD, the potential for recovery and growth is entirely possible. Conversely, if this support level is broken, ETH may continue to face a deeper downward trend. 

Overall, although the current market is under pressure, history shows that ETH's ability to recover still exists, especially when market sentiment improves and selling pressure gradually decreases.